He was the staunch opponent against internet gambling.......
The second related to his success just before adjournment in passing H.R. 4411. Gambling interests opposed him during the election and contended the bill had passed without hearings. The bill had been subject to extensive hearings over several Congresses, especially on the House side where both the Financial Services and the Judiciary committees had shared jurisdiction.[4] Leach argued that Internet gambling weakened the economy and jeopardized the social fabric of the family.
This same clown was the brains behind this bill........
The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed part of the Glass-Steagall Act, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.
This act of deregulation has been cited as one reason for the sub-prime mortgage crisis.[3]
Is'nt it kind of ironic he was so worried about internet gambling while at the same time he was co-sponsor of a bill that completely wrecked our economy....??????
Like a say............WHAT A CLOWN
Hey Jim make sure we can't make an online football wager while we are on unemployment and food stamps
The second related to his success just before adjournment in passing H.R. 4411. Gambling interests opposed him during the election and contended the bill had passed without hearings. The bill had been subject to extensive hearings over several Congresses, especially on the House side where both the Financial Services and the Judiciary committees had shared jurisdiction.[4] Leach argued that Internet gambling weakened the economy and jeopardized the social fabric of the family.
This same clown was the brains behind this bill........
The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed part of the Glass-Steagall Act, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.
This act of deregulation has been cited as one reason for the sub-prime mortgage crisis.[3]
Is'nt it kind of ironic he was so worried about internet gambling while at the same time he was co-sponsor of a bill that completely wrecked our economy....??????
Like a say............WHAT A CLOWN
Hey Jim make sure we can't make an online football wager while we are on unemployment and food stamps
